In line with the currency
liberalization the National Bank of Ukraine (NBU) has streamlined currency
supervision of compliance with settlement deadlines for export of works,
services and rights to intellectual property, as well as for export and import
of some goods. This is important for ensuring defense capability of the
country, adequate access to medical services for Ukrainians, and development of
aviation and aerospace industries.

From now on, the deadline
on settlement for exports and imports (at present – 365 days) shall not
apply to the following transactions:

·import of goods under defense government
contracts

·import of services or drugs under agreements
of the Ministry of Health of Ukraine with special organizations, as well as
import of services for treating people with orphan diseases

·import of goods used for producing aerospace
and aviation equipment and devices

·export and import of goods in line with
production sharing agreements

·export of works, services (save for
transportation and insurance works and services) and rights to intellectual
property.

Streamlining currency
supervision for the aforesaid operations is compliant with the Ordinance of the
Cabinet of Ministers of Ukraine No. 76–D dated 13 February 2019 and
consultations held by the Ministry of Economic Development and Trade.

Furthermore, the NBU has
authorized banks to complete currency supervision of compliance by business
with settlement deadlines on export of goods after crediting funds under the
letter of credit.